Default Coverage Sample Clauses
The Default Coverage clause defines the protections or remedies available to a party if the other party fails to fulfill its contractual obligations. Typically, this clause outlines the steps that will be taken in the event of a default, such as the right to claim damages, terminate the agreement, or trigger insurance or guarantees. For example, if a supplier fails to deliver goods as agreed, the Default Coverage clause may specify compensation or alternative arrangements. Its core function is to allocate risk and provide a clear process for addressing breaches, thereby ensuring both parties understand their rights and obligations in the event of non-performance.
Default Coverage. If the Faculty Member is enrolling for the first time and does not select a Plan by the enrollment deadline, the Faculty Member will be enrolled in the default plan - the PPO Employee Only coverage. If the Faculty Member is re-enrolling and does not complete his/her enrollment online by the enrollment deadline, the Faculty Member will automatically be enrolled in the preceding year's plan.
Default Coverage. If the Bargaining Unit member is enrolling for the first time and does not select a Plan by the enrollment deadline, the Bargaining Unit member will be enrolled in the default plan -- HMO, single coverage. If the Bargaining Unit member is re-enrolling and does not return an enrollment form by the enrollment deadline, the Bargaining Unit member will automatically be enrolled in the preceding year's plan.